Brady signs 2 year extension

Stitch01

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An NFL player getting a multi-year extension for their age 41 and 42 seasons two years out. Not sure we'll see that again.
 

TheoShmeo

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Whether Tom remains on the Pats through 2019, I love the fact that, at the minimum, this pushes out the time horizon for a while. I wasn't looking forward to hearing about his contract status and the possibility of him sailing off to another team or retirement. This takes that off the table for the next several years, which is nice.
 

PedroKsBambino

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IIRC Brady has $12 mil in remaining bonus to be paid out across 2016-2017 as it is....plus whatever happens in the extension.

So, likely some cap relief here.

Call me a fanboy, but I suspect Brady would play for the minimum the next two years to help win a ring if he thought the union would not be harmed by it. I doubt he cares at all about his salary at this point.
 

Hoodie Sleeves

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Not a fan at all. Brady is still playing at a very high level, but QBs just seem to drop off a cliff when they go - and there's a not-small chance that happens before the extension even begins. (of course, how big a problem that is all depends on what the numbers are)
 

RedOctober3829

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His current cap hit for 2016 is $15 million($9 million in salary and $6 million in signing bonus) and it is $16 million($10 million salary and $6 million in bonus) in 2017. I wonder if they will spread these $12 million in bonus money evenly out over the now-4 years of the life of the contract which would lower the cap hits by $3 million in 2016/2017.
 

grimshaw

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He doesn't strike me as the type to hang around as a backup QB with a clipboard if his game ever deteriorates to that point. Assuming Belichick sticks around that long, I can't imagine any other coach having the balls to bench him.
 

Hoodie Sleeves

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He doesn't strike me as the type to hang around as a backup QB with a clipboard if his game ever deteriorates to that point. Assuming Belichick sticks around that long, I can't imagine any other coach having the balls to bench him.

Like I said - this all depends on the particulars - if it doesn't add much bonus money it may not even be a 'real' extension - it may just be a way to spread the bonus money around while he retires in 2 years, and help their cap in the meantime - or it could add a bunch more bonus money and have the chance of being an actual problem. The numbers are everything here.

Anyone have a link to the numbers? I'm not seeing them anywhere.
 

soxfan121

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His current cap hit for 2016 is $15 million($9 million in salary and $6 million in signing bonus) and it is $16 million($10 million salary and $6 million in bonus) in 2017. I wonder if they will spread these $12 million in bonus money evenly out over the now-4 years of the life of the contract which would lower the cap hits by $3 million in 2016/2017.
Guessing $32M+ in signing bonus, payable "today", base salaries of $8, $6, $4 & $2M, with a roster bonus payable in 2019 of $10M or something. 4/$60M+ total package. Cap hit goes up $1M in 2016, then down over the life of the contract, with TB getting "fair" compensation, based on his recent deals and obvious lack of need to be at the top of the salary structure.
 

bakahump

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Agreed.

Would any of us be surprised that if he faltered he simply Hung it up?

What are the rules for retirement? We would owe the Bonus money but the Salary would be "voided" right?

Another chapter in the deification of Brady ...fast forward to some Presser before the 2018 season "I can no longer maintain the standards that I, Coach Belicheck or the Patriots expect or Deserve. Effective immediately I am retiring from the game of football..."
 
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To be honest, this fan boy wouldn't care if it was an albatross contract extension. I want him here for the rest of his career, even if it hamstrings the team for a year or two after his retirement. (Which I doubt will happen anyway. I suspect both parties have an eye toward balancing the risk of a long-term deal with an older player.)
 

ElcaballitoMVP

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Like I said - this all depends on the particulars - if it doesn't add much bonus money it may not even be a 'real' extension - it may just be a way to spread the bonus money around while he retires in 2 years, and help their cap in the meantime - or it could add a bunch more bonus money and have the chance of being an actual problem. The numbers are everything here.

Anyone have a link to the numbers? I'm not seeing them anywhere.
There's nothing about how the Patriots or Tom Brady do business that suggests this extension will have a chance of hamstringing the team. Brady doesn't need the money and the Pats didn't have to give him the extension now.

And personally, I'd rather have Tom Brady sitting around collecting checks for an extra season or two than see him leave to play for someone else before he's done.
 

GlucoDoc

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I love this. The thought that another one of our all time stars ended up his career in some other teams laundry (like we have seen before - Bourque, Orr, Evans) didn't thrill me. Curious to see how this impacts Jimmy G. Does he wait around a bit longer to be the heir to the throne, or do we cycle him out, and get yet another back-up with aspirations?
 

PedroKsBambino

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Guessing $32M+ in signing bonus, payable "today", base salaries of $8, $6, $4 & $2M, with a roster bonus payable in 2019 of $10M or something. 4/$60M+ total package. Cap hit goes up $1M in 2016, then down over the life of the contract, with TB getting "fair" compensation, based on his recent deals and obvious lack of need to be at the top of the salary structure.
That's interesting---I'd be surprised if they did a deal that made 2016 cap hit go up, I've been assuming the reason to do it now is to make it go down in the short term. We'll see; one nice thing about this org and how they manage the cap is that either is viable for them...this is not a situation like with Drew Brees where there's huge short-term pressures that almost necessitate some move.
 

soxfan121

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That's interesting---I'd be surprised if they did a deal that made 2016 cap hit go up, I've been assuming the reason to do it now is to make it go down in the short term. We'll see; one nice thing about this org and how they manage the cap is that either is viable for them...this is not a situation like with Drew Brees where there's huge short-term pressures that almost necessitate some move.
Agreed. The reason I'm guessing this year ends up being the most expensive is that it allows extensions for Collins, Hightower, Butler & Jones to grow into the space created by giving Brady his final contract payday now.

Converting the remaining salary on his last deal into a signing bonus would be $31M, add $1M to round the numbers. Maybe the base's stay at $2M or so and there's a roster bonus each year built in. But I think the structure will allow for Brady to get his last big payday while opening the room next year and beyond to extend the young defenders in mid-season deals that take effect next season.
 

edmunddantes

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Moved here and deleted from other thread...

This is not saying what the deal is, but what different types of deals might look like in regards to cap management. @patscap is always great at this stuff.

The 2 year 20 million signing bonus extension is the scenario that gives the most cap space relief. 3.0 for the next two years.

Cool to look at until we get the real numbers.

Link

 

Dogman

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There's nothing about how the Patriots or Tom Brady do business that suggests this extension will have a chance of hamstringing the team. Brady doesn't need the money and the Pats didn't have to give him the extension now.

And personally, I'd rather have Tom Brady sitting around collecting checks for an extra season or two than see him leave to play for someone else before he's done.

This is precisely where I am. Given what Brady has done for the team in terms of contract structure in the past, this extension likely helps the team immensely over the next 4 years.

I love Brady.
 

Stitch01

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There's nothing about how the Patriots or Tom Brady do business that suggests this extension will have a chance of hamstringing the team. Brady doesn't need the money and the Pats didn't have to give him the extension now.

And personally, I'd rather have Tom Brady sitting around collecting checks for an extra season or two than see him leave to play for someone else before he's done.
Id be willing to bet with near certainty this is a team friendly deal given the assumption that Brady is still a good quarterback in 2018 and 2019. Im not sure how much Id bet that he is still actually a good quarterback in 2018 and 2019. Id almost never bet against Tom Brady but Id almost never bet on a 41 year old quarterback successfully leading a team through an NFL season, so no idea how to reconcile those two.
 

joe dokes

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Is the team allowed to structure the deal such that, for example, his salary in 2016 is the minimum allowed, so if his suspension gets reinstated it wont really cost him much? I'm sure the real goal is cap space, but that would be a nice touch.
 

RetractableRoof

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Is the team allowed to structure the deal such that, for example, his salary in 2016 is the minimum allowed, so if his suspension gets reinstated it wont really cost him much? I'm sure the real goal is cap space, but that would be a nice touch.
Wouldn't that be funny if it were possible:
Patriots announce that due to injury/age concernsTom Brady salary extension has unique escalators built into the 2016 season. If he is on the roster to open camp his salary for the first game is $1.00. Each game he is on the roster thereafter the salary doubles each week until a week 18 balloon of x million. If he is suspended the first 4 games he would owe the league $15.00.

A Goodell hater can dream, right?
 

PedroKsBambino

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Given that this is a kangaroo court system of justice, Pats of course have to be very leery of league penalties (a la Cowboy and Redskin penalties) and thus unlikely to get creative.

But it is amusing to imagine a salary for 2016 that is exceptionally low, just to mess with any penalty
 

GeorgeCostanza

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Not a fan at all. Brady is still playing at a very high level, but QBs just seem to drop off a cliff when they go - and there's a not-small chance that happens before the extension even begins. (of course, how big a problem that is all depends on what the numbers are)
Man sometimes you guys are such Debbie downers you could suck the fun out of a blow job.
 

amarshal2

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No speculation here about what this does for Jimmy G? I know with the shadow of the 2nd circuit appeal hanging over their heads there isn't a plan in the works already but assuming things go well I think this makes it quite likely JG gets traded in the next 13 months.

PS -- Agree with those who say there's no way this hamstrings the team.
 

E5 Yaz

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No speculation here about what this does for Jimmy G? I know with the shadow of the 2nd circuit appeal hanging over their heads there isn't a plan in the works already but assuming things go well I think this makes it quite likely JG gets traded in the next 13 months.
If you could be assured that a quarterback who will be 39 before next season begins is a lock to hold up physically, then I'd agree with you. But would even a second-round pick be enough of a return to go with a journeyman or rookie as Brady Insurance?
 

PaulinMyrBch

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We should troll the league. Trade Jimmy G for a high 2 essentially replacing our lost pick. Cut the rest of the backup QB's the day before the season opens and roll with 1 QB on the roster. If TB12 goes down, we just roll at QB for the rest of the year with Jamie Collins or Chandler and line ourselves up to draft Deshaun Watson. Then Watson sits and learns until TB retires and we're set until 2032.

Seriously, I don't see moving Jimmy G for a pick this year. If TB makes it through 2016 looking like father time is napping, then I could see moving him next year if we think he'll sign as a free agent with another team in 2018. But if Brady shows decline we're going to need him before his rookie contract is up.
 

Mugsy's Jock

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They could use a couple more picks due to the picks lost from Deflategate
After the comp picks roll in, they'll have enough picks...what's irreplaceable is the first-rounder, and Jimmy G. won't fetch anything in the first 50 selections. At least he shouldn't.
 

Jettisoned

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If they trade Jimmy G they could get a decent draft pick and use it to pick another backup QB who's got a good shot at being as good as Jimmy G.
 

E5 Yaz

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If they trade Jimmy G they could get a decent draft pick and use it to pick another backup QB who's got a good shot at being as good as Jimmy G.
It's already seen as a weak draft for quarterbacks. Even if your scenario was possible, what's the point of trading a QB with a couple of years training, then using that pick on someone who might be the same player?
 

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It's already seen as a weak draft for quarterbacks. Even if your scenario was possible, what's the point of trading a QB with a couple of years training, then using that pick on someone who might be the same player?
That just may have been a joke. Maybe even a Ryan Mallet based joke.
 

TheoShmeo

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I'm not the biggest Ben Volin fan but he makes some good points in here about whether/when to trade Jimmy.

http://www.bostonglobe.com/sports/2016/02/29/with-brady-extension-time-trade-jimmy-garoppolo-next-year/lOC43frU8uex7Z8LVWeefL/story.html

The strong finish:
This much is clear: Garoppolo is not going to finish out his rookie contract in New England. Trading him now could get the Patriots the 29th or 32d pick now (at best), but would likely weaken them at an important position. Waiting it out another year could keep the Patriots strong at quarterback in 2016, and net them a bigger haul on the trade market next offseason.
 

NortheasternPJ

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What planet would this make any sense?

The Patriots could recoup their 29th pick.

The Patriots don’t have a first-round pick right now, thanks to Deflategate. They lost the 29th overall pick. But their punishment states that if they have two first-rounders, they lose the higher of the picks. So if the Patriots were able to convince, say, Cleveland, Houston, or Philadelphia to give up its first-round pick for Garoppolo, the Patriots would get the 29th pick back.
So the Pats are going to trade for a top 10-20 pick and pay for the value of that pick, then have that pick just go up in smoke and then they'd get 29? Never mind the 2nd overall pick.

Why would they trade for the "value" of say the 13th pick from Philly and get 29 in return? That may be the most un-Patriots thing I've ever heard.

Personally, I'd love to see them get the Browns first round pick, I don't think they will, just to stick it to the league. I don't see Jimmy going anywhere this offseason unless someone makes an offer they can't refuse. He's cheap, he's filling a need where others are getting 2-4 million, and there's no reason to really get rid of him. Unless his preseason falls off he'd theoretically have more value next season.

That being said, I don't think his value outside of New England is anywhere near as high as it is in New England.
 

PaulinMyrBch

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I don't see how JG's value is higher if we wait another year. He'd have 1 year left on his rookie deal rather than 2 and unless he goes to the new team with a wink nod extension agreement, they'd be getting him for one year. As bad as QB play is around the league, can't imagine he'd resign with a team like Cleveland if the starting jobs in Houston, Dallas, New Orleans. Denver, Chicago, etc are in play.
 

NortheasternPJ

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That's a good point. I was thinking more of another year more developed, but the contract does come as the priority. I just don't see his value anywhere near where people are speculating. if they can get a 2nd I'd be happy. Either that or Larry Fitzgerald.
 

PaulinMyrBch

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I was typing when you were so my post wasn't in response to yours. I completely agree with you regarding the Volin idiot trade scenario. Why on earth would BB take a 2016 1st round pick in trade and lose 15 draft slots when you can grab the trade chart and work out something where you get multiple picks that would equal the same value. Like getting our original pick back is some goal that BB secretly is hanging onto. It would be a horrible move. It'd be like going to a General Motors lot, buying a Cadillac and then when the sales guy hands you the keys, saying nah, I'll just take the keys to the Chevelle.
 

Stitch01

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We just did this with a backup that never played. The trade return would be very low snd they'd burn a more valuable asset on the new backup
 

TheoShmeo

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I'd like to see them keep JG largely because I don't think it's likely that they will find a better back-up and I don't see them coming away with sufficient value if they trade him.

Bill has been willing in the past to go pretty thin behind Tom and that always made me nervous. I like that they SEEM to have a second stringer who could give them a chance to win if Tom was out for a few games.

Parenthetically, the line about Jimmy being "brilliant" feels a bit like a Red Sox prospect meme that is designed to increase his trade value (either for now or in the future). It might be more innocent that that but that was the first thing that came to mind when I read that.
 

lexrageorge

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Volin needed to fill a column. And the Garapolo situation was an easy one for him to write. But given there's not a lot to write about, Volin was forced to list all scenarios, even the stupid ones. So, no, JG is not getting traded this year for a first round draft pick, or Cleveland's 2nd rounder.
 

DennyDoyle'sBoil

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Id be willing to bet with near certainty this is a team friendly deal given the assumption that Brady is still a good quarterback in 2018 and 2019. Im not sure how much Id bet that he is still actually a good quarterback in 2018 and 2019. Id almost never bet against Tom Brady but Id almost never bet on a 41 year old quarterback successfully leading a team through an NFL season, so no idea how to reconcile those two.
Boy, I hope the $20 to $40 million signing bonuses speculated in Miguel's examples are wrong. Why would the team do that? Every one of those dollars goes against the cap for an over 40 player. I think it's unwise to bet against Brady. But putting tens of millions of dollars on the cap three years in advance for a player who will be over 40 is a very heavy bet.
 

lexrageorge

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Boy, I hope the $20 to $40 million signing bonuses speculated in Miguel's examples are wrong. Why would the team do that? Every one of those dollars goes against the cap for an over 40 player. I think it's unwise to bet against Brady. But putting tens of millions of dollars on the cap three years in advance for a player who will be over 40 is a very heavy bet.
Please clarify - Miguel's calculations with a $20M bonus show salary cap hits of roughly $13M annually. Are you calculating differently?
 

Shelterdog

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I don't see how JG's value is higher if we wait another year. He'd have 1 year left on his rookie deal rather than 2 and unless he goes to the new team with a wink nod extension agreement, they'd be getting him for one year. As bad as QB play is around the league, can't imagine he'd resign with a team like Cleveland if the starting jobs in Houston, Dallas, New Orleans. Denver, Chicago, etc are in play.
It's pretty straightforward. Jimmy G has minimal trade value right now because he hasn't played much--the only exception being that perhaps someone who has been in the Pats organization recently believes in him from practice, etc and trades for him(this happened with Schaub and Hasselback years ago even thought they hadn't played much).. Maybe in a year he has trade value because he shows more in preseason or regular season action.

A rookie QB with no game action and two years on his contract is worth a lot less than a QB who's shown he can play and has a year on his contract.
 

PaulinMyrBch

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A rookie QB with no game action and two years on his contract is worth a lot less than a QB who's shown he can play and has a year on his contract.
Granted but scenario 2 won't apply to Jimmy in a year. He'll be no game action guy with one year left on his contract. That is worth less than present value.

And I'm not saying current value equals Cleveland's 2nd pick. He's a depreciating asset unless Brady goes down and he proves he's a competent NFL starter.
 

Shelterdog

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Granted but scenario 2 won't apply to Jimmy in a year. He'll be no game action guy with one year left on his contract. That is worth less than present value.

And I'm not saying current value equals Cleveland's 2nd pick. He's a depreciating asset unless Brady goes down and he proves he's a competent NFL starter.
We don't know if scenario 2 applies next year or not. Brady can always sprain an ankle and miss a month.

I'm not sure the drop in value is particularly material. I think at best you can probably get a late third or a fourth for him now and can get a sixth in a year. Those picks aren't that valuable (and the decline in value so limited) that you might as well keep him as an inexpensive insurance policy.
 

PaulinMyrBch

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We agree on most of this. You're counterpoints when you quote me aren't really flowing with my point.
"Grass is green"
"Not after a nuclear bomb goes off"
"Ok I agree"

Odds are that Brady is going to remain upright for most of the year. His career starts bear that out. If Jimmy G does nothing more than play significant minutes in preseason games throwing to the 2016 equivalent of Aaron Dobson, Reggie Wayne, and Josh Boyce his value in a year is less than it is now. Plain and simple. A 3rd round pick is more valuable than a 6th round pick. Plain and simple.

The other scenarios aren't worth discussing. The extended hypotheticals on playing time, performance if that happens, value if performance is ++, value if that performance is --, value of keeping JG as insurance, value of draft picks in different rounds, etc., etc.,

I only see them trading Jimmy G right now if they like a QB in this draft that they think has a chance of taking over for Brady one day. You just push the backup QB contract clock back 2 years and its in line with Brady's contract end date.